5240 Indian River Drive 274, Las Vegas, NV 89103, Las Vegas, 89103 - 2 bed, 2 bath
5240 Indian River Drive 274
Las Vegas, NV 89103
Property Price
SUMMARY
Analysis of 5240 Indian River Drive 274, Las Vegas, NV 89103 is currently available with a list price of $210,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Las Vegas Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and shows well for its 1982 build date. It features updated wood-look laminate flooring throughout the living areas and bedrooms, eliminating older carpets. The kitchen has been modernized with granite countertops and white cabinetry, and the unit appears well-maintained with functional fixtures. While it is not a brand-new renovation, the cosmetic updates to the flooring and kitchen elevate it above the 'fair' category.
PROSSTRENGTHS & OPPORTUNITIES
- Guard-Gated Security
Situated within the guard-gated Bella Vita community, this property offers enhanced security and privacy, a highly desirable feature for both residents and investors.
- Extensive Community Amenities
The community provides a robust lifestyle package including multiple pools, tennis courts, exercise rooms, and green spaces, offering significant value beyond the unit itself.
- Prime Central Location
The property boasts a highly convenient location with rapid access to the Las Vegas Strip, major freeways, and local shopping centers, ensuring strong rental demand and ease of commuting.
CONSRISKS & DEFICIENCIES
- Property Age
Built in 1982, the unit and community infrastructure may require more frequent maintenance or modern cosmetic updates to compete with newer residential developments.
- Accessibility Limitations
As a second-floor unit without mention of elevator access, the property may be less appealing to buyers with mobility concerns or those preferring ground-level entry.
About 5240 Indian River Drive 274
Conveniently located & private 2nd floor unit with 2 bedrooms and 2 baths in the guard gated Bella Vita Community.Assigned covered parking space and loads of guest parking near the unit. The community amenities include pools, tennis courts, exercise rooms, playgrounds and green spaces. Convenient, central location with access to shopping centers, freeways & the Las Vegas Strip.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1982
- Lot Size
- 4,080 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $307 / Month
Neighborhood Insights
Las Vegas Unified Schools
Joseph E Thiriot Elementary School
Grades PK-5 • 0.3 mi
Kenny C Guinn Middle School
Grades 6-8 • 1.0 mi
Grant Sawyer Middle School
Grades 6-8 • 1.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 978 | 884 | 57% |
| Lot Size | 4,080 | 700 | 75% |
| Price | $210.0K | $157.0K | 80% |
| Price per sq ft | $215 | $197 | 68% |
| Built year | 1982 | 1984 | 42% |
| HOA | $307 | $195 | 97% |
| Days on market | 50 | 655 | 1% |
Pricing History
Listed for Sale
Jan 16, 2026
$210,000
Initial Listing